Research paper

<Group #>

Risk Management Plan

Version <1.0>

<mm/dd/yyyy>

TABLE OF CONTENTS

1 1 INTRODUCTION

1 1.1 Purpose Of The Risk Management Plan

1 2 risk management Procedure

1 2.1 Process

1 2.2 Risk Identification

1 2.3 Risk Analysis

1 2.3.1 Qualitative Risk Analysis

1 2.3.2 Quantitative Risk Analysis

1 2.4 Risk Response Planning

2 2.5 Risk Monitoring, Controlling, And Reporting

2 3 Risk Mitigating Controls

3 4 Risk MItigation plans

1 INTRODUCTION

1.1 Purpose Of The Risk Management Plan

[Provide the purpose of the Risk Management Plan.]

2 risk management Procedure

2.1 Process

[Summarize the steps necessary for responding to risk.]

2.2 Risk Identification

[Summarize who will be involved and tools used.]

2.3 Risk Analysis

[Summarize how risk will be analyzed]

2.3.1 Qualitative Risk Analysis

The probability and impact of occurrence for each identified risk will be assessed by the project manager, with input from the project team using the following approach:

Probability

· High –<Define>

· Medium – <Define>

· Low – <Define>

Impact

· High – <Define>

· Medium – <Define>

· Low – <Define>

<Create a risk matrix and insert it here>

<Define risk handling requirements (example, what must be mitigated, what can be accepted>

2.3.2 Quantitative Risk Analysis

Analysis of risk events that have been prioritized using the qualitative risk analysis process and their affect on project activities will be estimated, a numerical rating applied to each risk based on this analysis, and then documented in this section of the risk management plan.

2.4 Risk Response Planning

Each major risk (from section 2.3.1) will be assigned to a project team member for monitoring purposes to ensure that the risk will not “fall through the cracks”.

For each major risk, one of the following approaches will be selected to address it:

· Avoid – <Define>

· Mitigate – <Define>

· Accept – <Define>

· Transfer <Define>

2.5 Risk Monitoring, Controlling, And Reporting

The level of risk on a project will be tracked, monitored and reported throughout the project lifecycle.

A “Top 20 Risk List” will be maintained by the project team and will be reported as a component of the project status reporting process for this project.

All project change requests will be analyzed for their possible impact to the project risks.

Management will be notified of important changes to risk status as a component to the Executive Project Status Report.

Current Top 20 Risk List as of <identify 20 risks that apply to this company>

Risk	Description	Likelihood	Impact	Risk Value

3 Risk Mitigating Controls

The following enterprise controls have been implemented to reduce risk

<Identify what controls the company has put in place (example, training, anti-virus). Identify what the controls map to – what asset.>

4 Risk MItigation plans

The following mitigation plans have been put in place for the top 10 risks.

<Write a mitigation plan for the top 10 risks.>